The good news is that India’s economy is in good shape amid gloom in some other large economies
Economic fundamentals remain strong despite the recent tumult in financial markets that has led to rising expectations of a recession, Cleveland Fed President Loretta Mester said Friday.
The pressure on rupee is lessening and the local currency could appreciate to about 52 levels to the dollar in the next 12 months, a report by Goldman Sachs said on Saturday.
Vibhav Kapoor of IL&FS, in an interview to CNBC-TV18, says that Indian equities are unlikely to crash near term, but could remain rangebound till June-July, making it tough for investors to make decent money
Federal Reserve Chairman Ben Bernanke on Wednesday said the US central bank could best ensure a strong dollar by creating the conditions for strong economic fundamentals.